Benchmark Capital is suing Kalanick to force him off the board, citing fraud and deception.

Uber's board (excluding Kalanick and Benchmark) has issued a statement regarding the lawsuit saying that it was "disappointed" that Benchmark was taking action, while a vocal group of investors has also called for Benchmark to sell of its shares and remove itself from the board, calling its actions "ethically dubious and, critically, value-destructive rather than value enhancing". Kalanick stressed that the firm was well aware of and even agreed to add three additional seats after Saudi's Public Investment Fund put $3.5 billion into the company in June 2016.

Yesterday, Kalanick's legal team filed documents positing that Benchmark's claims are subject to mandatory arbitration, and that the Delaware Chancery Court, where the complaint was filed, doesn't have the jurisdiction to settle them. However, this case has surprised the venture capital community and made a separated Uber board and tensions among shareholders, out of many were criticizing Benchmark for suing.

"Indeed, in the 14 months since the challenged amendments were signed, Benchmark never suggested that the amendments were 'fraudulently induced, ' or in any way unenforceable", his lawyers wrote, "although all of the events on which it bases its claim of fraud were well known to Benchmark". They already knew about incidents that could be considered "mismanagement" and "misconduct" at the time, including the Waymo lawsuit, Greyball and Uber's unethical investigation of the passenger who was raped by a driver in India.

Kalanick said in the court filing that the lawsuit is part of Benchmark's larger scheme to oust him from the company he helped found, and take away his power.

It said a week-and-a-half after the funeral of Kalanick's mother, two Benchmark partners went to his hotel room and demanded he step down.

Related News:

So when Scott saw scenes out of Charlottesville showing white supremacists holding torches and chanting, it was personal. Scott noted that the woman, Heather Heyer , 32, was about the same age as one of his daughters.

While pulling her saree, the executive allegedly kept propositioning her. "Don't know whether the woman has been suspended too". The woman alleged that the man had pressured her to have physical relations with him and she was resisting his advances.

CNN's Jim Acosta was not satisfied with President Trump's response to this weekend's carnage in Charlottesville, VA. A CNN reporter on Monday asked the president why he was not holding a news conference as he had teased last Friday.

Bhubaneswar: There is no let up in swine flu deaths as two more H1N1 patients undergoing treatment here died on Wednesday. So far, 507 swabs have been tested, of which 171 have been tested positive for the seasonal influenza, officials said.

Liverpool: Mignolet; Alexander-Arnold, Lovren, Matip, Moreno; Can, Henderson, Wijnaldum; Salah, Firmino, Mane. Fowler will look back on his first goal for Liverpool in 1993 so that will be on the show just after 5.30.

It was the second-biggest decline for the Dow this year - which had powered ahead more than 20 percent since Election Day. The euro has risen close to 12 percent against the dollar this year. "There's a lot of uncertainties".

In "new India", he said, "Tantra se lok nahin, lok se tantra chalega (people will drive the system, not the other way round)". Gandhi alleged Modi wanted an India where the poor were left to die in government hospitals.

Albion rejected City's £18m opening offer last week but Pulis refused to rule out selling the defender - if City up their bid. Pulis insists he wants to keep Evans at The Hawthorns but conceded that every player has a price. "It's market forces.

North Korea , meanwhile, has threatened to lob four intermediate-range missiles into the waters near the US territory of Guam. Joseph Dunford also told his South Korean counterparts Monday that the North's missiles and nukes threaten the world.

Joseph Dunford told reporters Thursday that he's advised the US leadership not to dial back on the exercises with South Korea . Bannon also called for a tougher US stance on trade with China, saying the two powers were in an "economic war".

Several people hurt in stabbing in Turku, Finland
The man reportedly went on the rampage in the western city of Turku at around 4.30pm local time (2.30pm United Kingdom time). It is now unclear if it was just one person with a knife or multiple attackers as there are mixed reports.

Trump memoir ghostwriter predicts U.S. leader will resign
"Trump is going to resign and declare victory before Mueller and congress leave him no choice", he tweeted Thursday morning. The end is near but must keep pressure high", he tweeted. 'Eric & Donald Trump Jr., dumber versions of their father.

Rarity of Solar Eclipse
There's no need to splurge, however: You can order safe paper specs in bulk for as little as 90 cents each . Unfortunately, Tucson is out of the path of totality but will enjoy a good partial eclipse.

Foot Locker stumbles taking Nike and Under Armour with it
Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.74 average brokerage recommendation. On 2/18/2014 Foot Locker, Inc . announced a quarterly dividend of $0.22. (NYSE:FL) on Monday, May 23 with "Buy" rating.

Meek Mill Arrested & Charged With Reckless Endangerment In NYC
Mill, real name Robert Rihmeek Williams, 30, was busted at about 10:15 p.m.at the corner of 10th Ave. and Dyckman St., cops said. Video posted to social media reportedly shows the inside of a vehicle the rapper had been riding in at the time of his arrest.

Coutinho vows not to play for Liverpool
Liverpool manager Jurgen Klopp has delivered a slightly cryptic response to the latest questions about Philippe Coutinho . Fernandez continued , "Dembele and Coutinho are two important players that we like a lot and have done for a long time".

Australians involved in Barcelona attack
One woman is reported to have died, with six others injured including a police officer. Julian's grandfather took to Facebook to plea for help. "Please like and share".

Dangers of The Solar Eclipse On Our Eyes
The library offered several eclipse programs during the week, where Humphries taught about the upcoming eclipse and eye safety. To make the image of the sun larger, hold the screen paper further away from the paper with the pinhole.

Trump's business advisory councils disbanded
While the manufacturing group was publicly coming apart, CEOs on the Strategic and Policy Forum chose to act together. The decision to disband the councils offers companies a chance to sever ties without attacking Trump by name.

Business leaders quit Trump panel; he hits back hard
Johnson & Johnson later clarified that the decision to leave the council had been made before the president's tweet. Thea Lee, an economist and former deputy chief of staff at the AFL-CIO, also resigned from the council.